Primary Navigation Menu

Econ Insight

From attire to accessories, the right combination of textile, color, and pattern allows us to express our personalities, ambitions, and, most importantly, our sense of style. In New York City, the largest retail market in the country, the desire to shop is fueling a growing apparel market, accounting for more than $15 billion in annual sales. While going to a favorite store to search for a particular item may be easy to do, it is the result of a long, concentrated process—and the Port of New York and New Jersey plays a pivotal role in this process. More than 900 fashion companies are headquartered inRead More →

The office Alexander Heil, Chief Economist for The Port Authority of New York and New Jersey, has just released Econ Insight podcast Episode 26. Wherein Port Authority transportation analysts Jeffrey Brauner & Ahmed Ismail cover the integrated geospatial data analysis being performed at the agency to better understand cross-harbor freight activity and its relationship to regional markets. Listen to the podcast here: ow.ly/egjD30hx9mb * * * For more information on the Port of New York and New Jersey, please visit: www.portnynj.com. Follow the Port of NY & NJ on Twitter: @portnynj. Follow the Port of NY & NJ on Instagram: @portnynj. Follow the Port of NY& NJ LinkedIn Users Group: https://www.linkedin.com/groups/3822045.Read More →

At a press conference held last week, the New York Shipping Association (NYSA) released its 2017 report, The Economic Impact of the New York-New Jersey Port Industry. The seventh iteration of this study, the document examines the Port of New York and New Jersey’s economic activity in 2016, and concludes that “The significant economic contribution the Port of New York and New Jersey makes to this region [was] demonstrated once again” during that year. The document shows that, in the two years since NYSA’s previous Economic Impact report, which covered 2014, the port has significantly increased the number of jobs it offers, as well asRead More →

Port officials today announced cost reductions for use of the Port of New York and New Jersey. Effective May 1, 2016, the container charge for containers whose destination lies within 260 miles of the port has been reduced by 5.3 percent from $94.00 to $89.00 in all trades except in the Bermuda Trade, which retains its rate of $25.00. The new rates further a trend to reducing operational costs at the Port of New York and New Jersey while welcoming new business and demonstrating loyalty to the old. Cargo containers whose destination lies within 260 miles of the port comprise approximately 60 percent of all containersRead More →

The Port Authority of New York and New Jersey announced on Monday April 11, 2016 that it would undertake a comprehensive review of the Port of New York and New Jersey’s more than 3,000 acres of cargo facilities to better evaluate and plan for future growth, improve operations, and enhance revenue plus opportunities for job creation. The agency simultaneously issued a publicly advertised Request for Proposals (RFP 45736) as part of its search for a planning consultant to develop a long-range Maritime Master Plan to guide the port’s future growth and development over the next 25 to 30 years. The Port of NY & NJRead More →